{"id":477444,"date":"2020-03-26T11:04:15","date_gmt":"2020-03-26T11:04:15","guid":{"rendered":"https:\/\/www.agriland.ie\/?p=477444"},"modified":"2020-07-23T18:30:14","modified_gmt":"2020-07-23T17:30:14","slug":"milk-price-tracker-2020-how-does-your-milk-price-compare-to-other-co-ops-find-out","status":"publish","type":"post","link":"https:\/\/lightsail.agriland.ie\/farming-news\/milk-price-tracker-2020-how-does-your-milk-price-compare-to-other-co-ops-find-out\/","title":{"rendered":"Milk Price Tracker: How does your milk price compare to other co-ops? Find out…"},"content":{"rendered":"

The latest\u00a0Milk Price Tracker<\/strong>\u00a0\u2013 brought to you by\u00a0AgriLand<\/em>\u00a0and the Irish Creamery Milk Suppliers\u2019 Association (ICMSA) \u2013 details milk prices\u00a0from\u00a0the most significant Irish dairy co-ops for the month of February.<\/p>\n

For each co-op, a green arrow indicates an increase in milk price (compared with the previous month); a blank space signifies no change; and a red arrow indicates a drop in milk price.<\/p>\n

It is important to note that the cent-per-litre (c\/L) milk prices \u2013 shown in the table below \u2013 are calculated using the widely-accepted milk pricing system (an approach employed by most Irish co-ops).<\/div><\/span><\/p>\n

It should also be noted that, when calculating the base prices (on a c\/L basis), we have used a fixed mass density factor \u2013 to convert from kilograms (kg) to litres (L).<\/p>\n

The conversion factor used is 1.0297. In other words, 1L of milk corresponds to 1.0297kg of milk.<\/p>\n

Moreover, the Irish c\/L milk prices \u2013 quoted in the table \u2013 are base prices at the \u2018standard\u2019 fat and protein percentages cited by the vast majority of co-ops (i.e. 3.3% protein and 3.6% fat).<\/p>\n

We also include base prices at \u2018standard\u2019 European criteria (i.e. 3.4% protein and 4.2% fat).<\/p>\n

Moreover, we also include a column detailing what we describe as the \u2018maximum attainable price\u2019 \u2013 which is based on consistent levels of 3.3% protein and 3.6% fat.<\/p>\n

February 2020 prices<\/h2>\n

The milk prices in this table (below) are those quoted by co-ops for the month of February (2020).<\/p>\n

\"\"<\/a><\/p>\n

These tables (below) outline some of the most significant bonuses offered by the various co-ops, as well as some of the key penalties that may be imposed.<\/p>\n

The focus is on bonuses\/penalties that have the greatest impact on a supplier\u2019s \u2018milk cheque\u2019.<\/p>\n

\"\"<\/a><\/p>\n

\"\"<\/a><\/p>\n

With regard to all of these tables (above), please see these explanatory notes (below).<\/p>\n

<\/p>\n

Explanatory notes:<\/strong><\/p>\n

    \n
  • A blank space indicates that the base price applies, whereby there is no bonus or penalty;<\/li>\n
  • All bonus and penalty payments are based on manufacturing milk;<\/li>\n
  • *1\u00a0<\/strong>\u00a0No penalties will apply to total bacteria counts (TBCs) of less than 75,001 in the months of January, February, November and December. Penalties will apply to TBCs in excess of 75,000 in those months;<\/li>\n
  • *2<\/strong>\u00a0 The Glanbia TBC penalty system is based on points, whereby farmers are penalised based on the amount of points they received in that month over two TBC tests;<\/li>\n
  • *3<\/strong>\u00a0 -0.75c\/L penalty for somatic cell count (SCC) ranging between 351-400K;<\/li>\n
  • *4<\/strong>\u00a0 Milk storage bonus. A storage bonus is available to suppliers with a minimum annual supply of 160,000L that have enough refrigerated storage capacity to cover seven milkings at peak production;<\/li>\n
  • *5<\/strong>\u00a0 0.22c\/L protein bonus is available for every 0.05% protein achieved, above the co-op average protein %, in an individual month;<\/li>\n
  • *6<\/strong>\u00a0 Unconditional early milk payment of 1.5c\/L;<\/li>\n
  • *7<\/strong>\u00a0 0.25c\/L includes 0.1c\/L for the Sustainable Dairy Assurance Scheme (SDAS), 0.1c\/L for sign up to milk recording (four per year) and 0.05c\/L for sign up to milk recording and a Munster Bovine herd health scheme;<\/li>\n
  • *8<\/strong>\u00a0 0.4c\/L is the maximum bonus attainable by farmers who achieve the minimum requirements for six criteria (TBC, thermoduric, sediment, SCC, lactose and inhibitors);<\/li>\n
  • *9<\/strong>\u00a0 2c\/L unconditional early calving bonus for milk supplied in February;<\/li>\n
  • *10<\/strong>\u00a0 0.42c\/L payment on all milk supplied as their \u2018Share of GI Profit\u2019 and a 3c\/L early calving bonus to be paid to creamery suppliers for February milk supplies;<\/li>\n
  • *11\u00a0\u00a0<\/strong>5c\/L early calving bonus if\u00a0greater than\u00a045% of May milk supplied in February;<\/li>\n
  • *12\u00a0\u00a0<\/strong>3c\/L early calving bonus if greater than 15% of May milk supplied in February.<\/li>\n<\/ul>\n

    <\/div>\n","protected":false},"excerpt":{"rendered":"

    The latest\u00a0Milk Price Tracker\u00a0\u2013 brought to you by\u00a0AgriLand\u00a0and the Irish Creamery Milk Suppliers\u2019 Association (ICMSA) \u2013 details milk prices\u00a0from\u00a0the most…<\/p>\n","protected":false},"author":3462,"featured_media":477445,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1936],"tags":[9878],"acf":[],"_links":{"self":[{"href":"https:\/\/lightsail.agriland.ie\/wp-json\/wp\/v2\/posts\/477444"}],"collection":[{"href":"https:\/\/lightsail.agriland.ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lightsail.agriland.ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lightsail.agriland.ie\/wp-json\/wp\/v2\/users\/3462"}],"replies":[{"embeddable":true,"href":"https:\/\/lightsail.agriland.ie\/wp-json\/wp\/v2\/comments?post=477444"}],"version-history":[{"count":0,"href":"https:\/\/lightsail.agriland.ie\/wp-json\/wp\/v2\/posts\/477444\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lightsail.agriland.ie\/wp-json\/wp\/v2\/media\/477445"}],"wp:attachment":[{"href":"https:\/\/lightsail.agriland.ie\/wp-json\/wp\/v2\/media?parent=477444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lightsail.agriland.ie\/wp-json\/wp\/v2\/categories?post=477444"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lightsail.agriland.ie\/wp-json\/wp\/v2\/tags?post=477444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}